Albemarle (ALB) is incredibly oversold again. And we’re buyers. For one, the lithium story isn’t cooling. As noted by S&P Global, “Lithium prices will likely see strong support in 2023, with supply expected to remain tight amid bullish demand from the...
Keep an eye on Royal Caribbean (RCL). After some rough seas in the first half of 2022, the stock rallied from about $35 to $60 in the second half. Now, after a slight pullback to about $50, we’d like to see the stock resume its run higher. Helping, Morgan...
“NVIDIA (NVDA) could be one of the biggest winners of 2023,” we said on December 30. “After dropping from about $188 to $140.36, the stock has become brutally oversold. Even RSI, MACD, and Williams’ %R are deep in oversold territory. The last time NVDA became...
by Ian Cooper Investors may want to keep an eye on the biotech boom. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population is demanding better treatment in an effort to live longer...
ChargePoint (CHPT) is on the move. After a disastrous 2022, the EV charging stock is showing signs of life, bouncing from double bottom support around $8.20. It’s also jumping on a volume spike to 11.28 million shares, as compared to daily average volume of 8.78...
After a devastating year, CrowdStrike Holdings (CRWD) is seeing signs of life. For one, even though recent earnings weren’t up to par, Morgan Stanley analysts say the pull back is a buy opportunity. “With forward estimates appropriately level set, we think this...
Netflix (NFLX) is on fire. On Dec. 28, we noted, “After gapping from about $320 to $290, the stock appears to have caught strong double bottom support. From here, we’d like to see it refill that bearish gap and challenge $330, near-term. Helping, Morgan Stanley...
“Take-Two Interactive (TTWO) was one of the worst performing gaming stocks of 2022. However, it appears the stock may be bottoming out, as the company bets big on game demand in coming years,” we noted on Jan. 3, as TTWO traded at just $104.13. A day later, shares of...
Some of the biggest losers of 2022 could be some of the biggest winners of 2023. Look at Target (TGT), for example. After getting pummeled for most of 2022, it’s up more $3 a share on the first of the new year. For one, it seems most of the bad news has been priced...
by Ian Cooper One of the best year-end strategies to consider is the Dogs of the Dow. At the start of the year, you simply buy the top 10 highest-yielding stocks on the most beaten-down stocks on the Dow Jones. And, or you can buy long-dated call options on each....